#TrumpTariffs

President Donald Trump announced a 90-day moratorium on tariffs for 75 trading partners who have not yet retaliated against his administration's tariff policies. However, there are still some important points to note about Trump's new tariff policy:

- *Tariffs on countries*: The US will impose a 10% import tariff on all countries, except China, which will face higher tariffs.

- *Extension of the tariff moratorium*: The Trump administration is considering extending the 90-day moratorium on tariffs for major US trading partners, provided these countries demonstrate "goodwill" in negotiations.

- *Trade agreement*: The US announced a trade framework agreement with the United Kingdom and China, but full details have yet to be disclosed.

Some potential impacts of Trump's new tariff policy include ¹ ²:

- *Impact on the global economy*: Trump's new tariff policy may have a significant impact on the global economy, especially in developing countries.

- *Impact on the stock market*: The stock market experienced significant fluctuations following Trump's announcement regarding the tariff moratorium.

- *Impact on inflation*: Consumer prices in the US rose less than expected in May, indicating that Trump's tariffs have not yet significantly impacted inflation.